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Cochin Tea Auction, India 06-01-2015
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COCHIN AUCTION
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| SALE OF - 06TH JANUARY 2015 (SALE NO.02) |
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CTC DUST DEMAND :Good MARKET :Opened Rs.2/- to Rs.5/- lower, as the sale progressed, declined with longer margins of Rs.5/- to 10/- and sometimes more especially high priced teas, towards the close of sale. However the decline in prices was less for plainer varieties. BUYING PATTERN :Avt, Kerala state civil supplies and regional blenders continued to be active on good liquoring varieties. Kerala loose tea traders, Hindustan Unilever and upcountry buyers lent fair support. Tata Global subdued and covered small quantity only. Exporters operated mainly on medium and plainer variety and absorbed a small quantity. ORTHODOX DUST DEMAND :Less MARKET :Lower and witnessed heavy withdrawals. BUYING PATTERN :Small quantity of orthodox dust sold were absorbed by exporters and Hindustan Unilever. Source - Forbes, Ewart & Figgis Pvt. Ltd., Cochin |
About F&W
Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...